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The benchmark gas price will increase in June, as confirmed by the Energy Regulatory Commission. Supplier prices should therefore follow the same trend.
© Artichokefoto – Adobe Stock
On July 1, 2023, the regulated sales tariffs (TRV) for gas disappeared. And since this date, the Energy Regulatory Commission (CRE) has published its price every month “landmark”. This value now serves as a compass for the 10.5 million households dependent on this energy since it replaced Engie’s TRVs which played this role until now, the two tools being designed using methods that are at least similar.
The CRE benchmark price is based on two components. First a fixed price, that of the subscription, and a variable price, that of your gas consumption. Households are also divided into two categories, according to their level of consumption.
Thus, in May, a household using this energy to heat its water or cook would have to pay an average subscription of 8.58 euros (the fixed part of the bill), in addition to its personal gas consumption. The reference price per megawatt hour (mWh) is set at 112.61 euros, but the best served geographic areas can display a rate of 108.88 euros. Individuals heating with gas will pay much more for their subscription (21.43 euros per month), but significantly less for the megawatt hour (91.4 euros per mWh, or 19.5% less than “small consumers”). .
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Please note that these numbers are averages. Because the benchmark price of gas also includes the cost of its transport. However, consumers are located more or less far from gas delivery points. Accommodation close to an LNG port should therefore pay a slightly lower bill with the same supplier and contract.
Between July and June, the benchmark price of gas increased by only 7.4% on average for small consumers, while households heating with gas had to bear an increase of 11.5%. Over one month, prices increased by 1.8% and 1.7% respectively. “This increase is explained by a slight increase in wholesale market prices of natural gas, which had been falling since the end of 2023”, underlines the CRE. Since December, they have been in sharp decline, as gas market prices have reached particularly low levels. Suppliers have – logically – passed this reduction on to their customers’ bills. For comparison, the current benchmark prices are lower than that set for the former gas tariff shield, which ended in July 2023.
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An indicator of costs borne by suppliers
Make no mistake: these prices are indicative. They make it possible to reflect the costs borne by suppliers, namely:
– gas supply on the wholesale market;
– marketing of contracts;
– the transport and storage of gas.
They must therefore allow individuals to identify suppliers who are abusing (by generating very comfortable margins) and those who display the most competitive prices. At least given current market conditions. Each market player remains free to set the prices it offers to its customers, but must exercise “its duty to provide information and advice” to offer each individual the offer “best suited”recalls the CRE.
To go further, the Energy Mediator has integrated all of these prices into its independent comparator. Enough to offer individuals the possibility of seeing whether a supplier’s offer is below or above the benchmark price set by the CRE.
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And some people should not be surprised: these prices serve as a reference for offers at prices indexed to the markets. Households having opted for a fixed price offer (52% of those consuming gas according to the CRE) do not have such a barometer.
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